Identify an advantage and disadvantage of implementing multiple sourcing

What will be an ideal response?

Multiple sourcing means buying a product from several different suppliers. Under this system, suppliers are more likely to remain price competitive. And if one supplier has problems with delivery, the firm has others to fall back on. One of the disadvantages to purchasing from multiple sources is that a firm may not have much clout with a supplier when it comes to negotiating prices and contract terms. Also, having many suppliers increases the firm's administrative costs because it has more invoices to pay, more contracts to negotiate, and more salespeople to see than if it used a single source.